Restructuring At Riviera/Phoenix & Las Vegas
May 18, 2009 at 2:46 PM (PT)
Equity partners VSS and CITIBANK and GOLDMAN SACHS are now in the process of a financial and managerial restructuring at RIVIERA BROADCAST GROUP/PHOENIX's Alternative KEDJ (EDGE 103.9) and Top 40/Rhythmic KKFR (POWER 98.3) as well as Smooth AC KOAS (105.7 THE OASIS) and Alternative KVGS (AREA 107.9)/LAS VEGAS.
At this point it's likely that CEO TIM POHLMAN and CFO CHRIS MAGUIRE could be moving on. Other than that, it's business as usual.